JAKARTA - The XRP crypto asset currently occupies the third position as the largest crypto asset based on the market cap. In the last 24 hours, the price of XRP has increased by 1.85% based on CoinMarketCap data at 15:14 WIB, Friday, January 3, 2025. Along with that, rumors related to the XRP ETF also increased among investors.
Meanwhile, in recent weeks, the price of XRP has seen a significant spike along with positive projections regarding the possible approval of the Ripple ETF.
According to data from the Polymarket prediction market, the opportunity for ETF Ripple approval in the United States by 2025 is expected to reach 70%. This speculation is getting stronger, with increased enthusiasm after Donald Trump's victory in the presidential election and his support for the crypto market.
In addition to Trump's winning factor, which supports regulations that are more crypto-friendly, new hopes also emerged after Trump proposed a more crypto-friendly SEC (US Securities and Exchange Commission) chairman, Paul Atkins, who replaced Gary Gensler.
SEE ALSO:
This move raises speculation about the possible termination of a lawsuit between Ripple and the SEC (Securities and Exchange Commission), which has been going on since 2020.
However, great attention is now focused on the potential for Ripple ETF which can accelerate crypto adoption among institutional investors. Apart from XRP, there is also speculation regarding Solana's ETF (SOL) approval which is predicted to occur in 2025, with opportunities reaching 82%, according to Polymarket data.
The price of XRP is currently trading in the range of 2.42 US dollars (Rp39,284), with market capitalization touching 138.88 billion US dollars (Rp2.25 trillion). Even though the trading volume in a day decreased 41% to 6.22 billion US dollars (Rp100.8 trillion), the price of XRP still shows a positive trend.
However, some experts are still seeing uncertainty in the short term. The leading analyst, Dark Defender, revealed that the price of XRP could potentially reach 5.85 US dollars (Rp95,000) if it manages to pass a critical support level at 2.72 US dollars (Rp44,064), with a new support level found at 2.22 US dollars (Rp35,904).
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
